As well, Wynne has funnelled $17m out of $18m in total production revenue to his own private drilling companies. Whether or not this has been a "good deal" for SGR is beside the point--this is 95% of revenue produced so far, suggesting that the company has only bothered to produce enough gold to pay the CEO's ambitions.
Lunch, I agree, the above statement is a stretch and is unfounded. Hugh and his sons provide much needed drilling services and you can bet that all the independant Directors make sure the pricing is competitive. Anyone who has met Hugh would respect his integrity.
I would say the flow through financings have paid for most of the surface drilling not the minor quantity of gold sold.